Why Should I Choose Bitcoin ??
It's the first question one should face while starting to deal in bitcoins and answer this will satisfies you to choose bitcoin over others. Some of the benefits that Bitcoin have over other includes :
1-Quick transactions – Bitcoin is transferred quickly over the Internet.
2-No expenses/low charges – Unlike credit cards, Bitcoin can be utilized for nothing or low costs.. This enhances revenues margins deals.
3-International installments – Bitcoin is used all over the globe; e-commerce sellers and service suppliers can easily agree to take international payments. Which uncovered new potential commercial centers for them.
4-Information is secure – As we have seen with late hacks on general retailers’ disbursement processing systems, the Internet is not generally a secure place for private information. With Bitcoin, clients don’t surrender private data.
5-Much More Easier – Bitcoin is Much more easier rather than we think.Means to say It’s Much more easier than transfering a Payment from bank account From bitcoin you can even transfer a Payment in few clicks even While listening songs.
-Hope this will help you in believing Bitcoins !
Added to that there are many factors which make Bitcoin an excellent investment.
1. Scarcity of supply : Firstly, bitcoin still has a relatively small number of total coins in circulation. Because of how bitcoin is designed, a certain number of bitcoins are released every ten minutes until the maximum 21 million are in circulation. That point will only be reached in 2140, so volatility is a key feature in bitcoin’s early years.
2. Becoming mainstream : Bitcoin is at present the number one cryptocurrency. It is getting mainstream media coverage and more people are getting into it. Thus, demand is increasing. Added to that various countries are making bitcoin legal.
3. Instant Access : You don’t need to tie up your money in long term plans in order to make a profit. As a form of money itself, this is an investment you can access instantly at any time – including dipping into it to buy your groceries at the local supermarket.
4. A Hedge Against Currency Risk : For people living in countries with high inflation or the risk of devaluation, digital currency can provide a good hedge against currency risk.
5. A Safe Haven from Bank Crises : Money in the bank is not as safe as it used to be. In Cyprus savers saw a one-off levvy taking a massive ‘haircut’ off the value of their nest eggs, whilst the people of Greece are suffering extended limits on the amount of cash they are able to withdraw from their accounts. Not only does digital currency provide a safe haven from these risks, it also allows you to profit from the increased interest generated when things like this occur. The same goes for government capital controls, with consumers in many authoritarian regimes already using it to get around oppressive legislation.
